Knitted Fabrics Market Snapshot
Newly released data from the knitted fabric market analysis exhibits that global demand reached nearly US$ 24 Bn in 2020. According to Fact.MR’s report, knitted fabric sales will likely expand at a CAGR of nearly 5% from 2021 to 2031, with new market entrants and developing firms accounting for nearly 50% of the overall market.
Global knitted fabrics market size is projected to reach nearly US$ 40 Bn by 2031. Because of its low cost, improved elasticity, and easier manufacturing method, weft-knitted fabrics will continue dominating the market.
Key Points Addressed in Knitted Fabrics Industry Analysis
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Knitted Fabrics and How to Navigate
- Recommendation on Key Winning Strategies
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Consumption Analysis of Knitted Fabrics 2016-2020 Vs Future Outlook 2021-2031
From 2016 to 2020, demand for knitted fabrics expanded at a CAGR of around 4% to be valued at around US$ 24 Bn. Growing applications in the construction, vehicle, medical, and manufacturing sectors have generated profitable opportunities in the said period.
The growing usage of high-tech medical textiles in healthcare applications is projected to open up a slew of new prospects for knitted fabric manufacturers. To improve the texture and flexibility of knitted materials, they are using new printing processes.
The worldwide knitted fabrics industry is expected to generate significant revenue over the upcoming years 2021-2031. As per projections estimated by Fact.MR, a CAGR close to 5% is anticipated for the market in the aforementioned forecast period.
How are Lightweight Designs Influencing Knitted Fabrics Demand?
Circular knit textiles that are feather-light are popular in the hosiery sector. The ability of knitted textiles to provide greater ventilation is a major factor in this scenario. Furthermore, protective apparel is frequently made from lightweight knitted materials.
Karl Mayer has introduced the new 4D-KNIT generation of warp-knitted fabric. The new fabric type brings up previously unimagined design and product development opportunities.
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How is 3D Technology Spurring Sales of Knitted Fabrics?
Rising demand for improved 3D knitting technologies, automation, and artificial intelligence is rapidly penetrating the global textile industry. The need to enhance productivity is prompting manufacturers to adopt advanced production methods.
Significant developments have peppered the knitted fabrics domain in this regard. For instance, polymer specialists Polymaker and Covestro announced the release of their new jointly developed 3D printable fabrics in 2020. The companies have developed a whole new processing technology, in collaboration with two 3D printer manufacturers.
These printing approaches, according to Polymaker, are environmentally friendly alternatives to traditional weaving. Both companies claim it can help transform and upgrade 3D printed fabrics “from artwork to industrialization.”
How Lucrative are Knitted Fabrics Sales Opportunities in the U.S?
According to Fact.MR, knitted fabrics demand in the U.S is expected to grow at around 4% CAGR. Because of the rising need for cotton fabric in T-shirts and outdoor wear, the U.S is an important market for knitted fabrics.
Apart from other textile completed applications, it is also one of the primary markets for textile raw materials, fabrics, garments, yarns, and home furnishings.
What Supports High Knitted Fabrics Sales across Asia?
Asia is one of the leading markets for knitted fabrics. Amongst all countries, China and India are likely to dominate the landscape. The countries are noted for having the world's highest garment exports.
Major Chinese manufacturers are increasingly focusing on digitalization and automation. This step is assisting them in improving the quality of their knitting textiles. Apart from China and India, Bangladesh is expected to be a promising market for knitted fabrics. A market share of nearly 60% is projected for the Asian region.
Why are Manufacturers Favoring Europe for Enhancing Knitted Fabric Sales?
In 2021, market demand for knitted fabrics in Europe is predicted to reach 83,300 kilotons in volume, with a significant increase expected over the forecast period.
It can be linked to favorable government policies and trade agreements on the textile and garment industry, such as free-trade agreements and the Euro-Mediterranean Dialogue.
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Why are Warp-Knitted Fabrics Emerging as Potential Cash Cows?
Warp-knitted fabrics are expected to remain the top selling fabric type category until 2031, capturing over 50% of overall demand. Extensive applications across a broad range of industries is spurring demand.
Warp knitted fabrics are deployed across the automotive, building & construction, clothing, interior wear & accessories, home décor, automobile and manufacturing. Uptake is majorly spurred by automotive and construction sectors.
How is the Automotive Industry Generating Demand for Knitted Fabrics?
Knitted fabrics are finding extensive applications across the automotive industry. Attributed to their cushioning characteristics, knitted fabrics are used to manufacture car seats, airbags, protective linings and roofs.
According to the market research published by Fact.MR, sales of knitted fabrics in the automotive sector is expected to grow at almost 5% CAGR across the 2021-2031 assessment period.
In the following decade, manufacturers in the Knitted Fabrics market will focus on strategic acquisitions, collaborations, and product launches.
- With the use of KnitCrete, a 3D-knitted formwork, Zaha Hadid Architects and researchers from ETH Zurich constructed a double-curved concrete shelled pavilion. By simplifying the construction process for complex shapes, this framework is said to have helped save material, waste, and labor in the construction industry.
- Similarly, Maral manufacturers introduced high-quality knit fabrics with unique characteristics and high-quality materials in the quickest period feasible. Their in-house diversity of spinning skills of Dyed Yarn, Knitting, Brushing, Sueding, and Printing offers us a strategic advantage over the competition in offering a varied selection of knit materials for both innerwear and outerwear.
- To maximize the benefits for clients, Stoll and KM.ON, two popular Karl Mayer Group companies, have combined their experience and creativity for the new product Create. Stoll is a flat knitting technology pioneer who offers unique process knowledge to its business, resulting in faultless flat knitting solutions and exceptional client service, according to the company.
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Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Market Segments Covered
|Key Market Segments Covered||
Key Companies Profiled
Available upon Request
Key Segments Covered
- Weft Knitted Fabrics
- Warp Knitted Fabrics
- Knitted Fabrics for Clothing
- Knitted Fabrics for Civil Engineering
- Knitted Fabrics for Automotive
- Knitted Fabrics for Aerospace
- Knitted Fabrics for Construction
- Knitted Fabrics for Agricultural Applications
- Knitted Fabrics for Medical Applications
- Knitted Fabrics for Other Applications
Knitted Fabrics Market- Scope of Report
A recent study by Fact.MR on the knitted fabrics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering knitted fabrics.
The study also provides the dynamics responsible for influencing the future status of the knitted fabrics market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the knitted fabrics market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of knitted fabrics across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of knitted fabrics during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative knitted fabric markets?
- Which factors will impact the growth of knitted fabrics?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the knitted fabrics industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for knitted fabrics are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global knitted fabrics market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the knitted fabrics during the forecast period.
Country-specific valuation on demand for knitted fabrics has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of knitted fabrics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering knitted fabrics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the knitted fabrics domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the knitted fabrics industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
As per Fact.MR, sales of knitted fabrics totaled around US$ 24 Bn as of 2020
From 2016 to 2020, demand for knitted fabrics expanded at around 4% CAGR
According to Fact.MR, global knitted fabrics demand is likely to touch almost US$ 40 Bn by 2031
Increased usage of lightweight fabrics coupled with 3D printing technologies are fueling demand presently
Knitted fabrics demand in the U.S will likely expand at around 4% CAGR
The Asian market for knitted fabrics will mostly account for 50% of global demand
In Europe, knitted fabric sales in volume terms will amount to 83,300 kilotons by 2031
Warp-knitted fabrics are extensively used, capturing 50% of overall demand
The automotive industry is the dominant knitted fabrics application area, growing at almost 5% CAGR
India, China, Bangladesh, Thailand and Indonesia are expected to emerge as the top 5 knitted fabrics manufacturers
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.